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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (49299)1/9/2006 8:28:10 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Schwarzenegger just proposed borrowing $68 billion to spend on infrastructure. This is in addition to billions California has to borrow every year to balance the budget. I suspect that other states are doing the same. Companies are issuing tens of billions of bonds to finance stock buybacks. Who lends them all that money and why don't they demand better yields?



To: russwinter who wrote (49299)1/9/2006 8:31:18 PM
From: KM  Respond to of 110194
 
It was suicide to pay $300/share for Yahoo too but millions of shares were bought at that price. I remember. I had puts that flushed.



To: russwinter who wrote (49299)1/9/2006 9:53:18 PM
From: John Vosilla  Respond to of 110194
 
Is this the opposite of last year when the market fooled everyone in Q1 into thinking a consumer lead recession was on the horizon? This time we have a pump to suck the retail investor back in before the next recession with the end of fed tightening thrown into the mix to make it seem legit.



To: russwinter who wrote (49299)1/10/2006 1:59:41 PM
From: kris b  Respond to of 110194
 
everything to do with liquidity.>

Bang on. We know how it is "crated", but when will it stop? I am getting a little bit tired of the liquidity pump working overtime for the last 25 years. Are we at the end of the credit cycle in your opinion?